At the time of writing, Callon Petroleum Co. [CPE] stock is trading at $36.05, up 3.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CPE shares have gain 6.85% over the last week, with a monthly amount glided 15.25%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600. In a post published today on Yahoo Finance, AppFolio Inc. (NASD:APPF) will replace Inari Medical Inc. (NASD:NARI) in the S&P MidCap 400, and Inari Medical will replace Callon Petroleum Co. (NYSE:CPE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. S&P 500 constituent APA Corp. (NASD:APA) is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions.
From an analyst’s perspective:
Callon Petroleum Co. [NYSE: CPE] stock has seen the most recent analyst activity on January 03, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $40 from $60. Previously, Citigroup upgraded its rating to Buy on August 16, 2023, and elevated its price target to $45. On January 10, 2023, Mizuho initiated with a Buy rating and assigned a price target of $59 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $57 on December 05, 2022. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. RBC Capital Mkts upgraded its rating to Outperform for this stock on July 06, 2022, but kept the price target unchanged to $75. In a note dated April 18, 2022, ROTH Capital upgraded an Buy rating on this stock but restated the target price of $80.
For the past year, the stock price of Callon Petroleum Co. fluctuated between $28.62 and $41.36. Currently, Wall Street analysts expect the stock to reach $74.33 within the next 12 months. Callon Petroleum Co. [NYSE: CPE] shares were valued at $36.05 at the most recent close of the market. An investor can expect a potential return of 106.19% based on the average CPE price forecast.
Analyzing the CPE fundamentals
According to Callon Petroleum Co. [NYSE:CPE], the company’s sales were 2.34B for trailing twelve months, which represents an -14.61% plunge. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.33 points at the first support level, and at 34.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.49, and for the 2nd resistance point, it is at 36.92.
Callon Petroleum Co. [CPE] reported earnings per share of $1.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.61/share, meaning a difference of $0.01 and a surprise factor of 0.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.82 per share as compared to estimates of $1.82 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that Callon Petroleum Co. [NYSE:CPE] has a current ratio of 0.39. Also, the Quick Ratio is 0.39, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 0.60 and price to earnings (TTM) ratio is 5.93.
Transactions by insiders
Recent insider trading involved WEBSTER STEVEN A, Director, that happened on May 31 ’23 when 7384.0 shares were purchased. Director, WEBSTER STEVEN A completed a deal on May 12 ’23 to buy 10000.0 shares. Meanwhile, Director WEBSTER STEVEN A bought 10000.0 shares on May 11 ’23.
